Chee Mun Foong - Sep 22, 2021 Form 4 Insider Report for Fusion Acquisition Corp. (ML)

Role
Chief Technology Officer
Signature
/s/ Adam VanWagner, as Attorney-in-Fact for Chee Mun Foong
Stock symbol
ML
Transactions as of
Sep 22, 2021
Transactions value $
-$2,000,007
Form type
4
Date filed
9/24/2021, 08:28 PM
Next filing
Mar 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Award +1.97M 1.97M Sep 22, 2021 Direct F1
transaction ML Class A Common Stock Options Exercise $19.3K +87.8K +4.46% $0.22 2.06M Sep 22, 2021 Direct
transaction ML Class A Common Stock Options Exercise $1.86K +4.66K +0.23% $0.40 2.06M Sep 22, 2021 Direct
transaction ML Class A Common Stock Options Exercise $68.8K +117K +5.65% $0.59 2.18M Sep 22, 2021 Direct
transaction ML Class A Common Stock Disposed to Issuer -$2.09M -209K -9.6% $10.00 1.97M Sep 22, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ML Stock Options (Right to Buy) Award $0 +328K $0.00 328K Sep 22, 2021 Class A Common Stock 328K $0.22 Direct F3
transaction ML Stock Options (Right to Buy) Options Exercise $0 -87.8K -26.76% $0.00 240K Sep 22, 2021 Class A Common Stock 87.8K $0.22 Direct F2
transaction ML Stock Options (Right to Buy) Award $0 +230K $0.00 230K Sep 22, 2021 Class A Common Stock 230K $0.40 Direct F4
transaction ML Stock Options (Right to Buy) Award $0 +492K $0.00 492K Sep 22, 2021 Class A Common Stock 492K $0.40 Direct F5
transaction ML Stock Options (Right to Buy) Options Exercise $0 -4.66K -0.95% $0.00 488K Sep 22, 2021 Class A Common Stock 4.66K $0.40 Direct F2
transaction ML Stock Options (Right to Buy) Award $0 +410K $0.00 410K Sep 22, 2021 Class A Common Stock 410K $0.59 Direct F6
transaction ML Stock Options (Right to Buy) Options Exercise $0 -117K -28.41% $0.00 294K Sep 22, 2021 Class A Common Stock 117K $0.59 Direct F2
transaction ML Stock Options (Right to Buy) Award $0 +583K $0.00 583K Sep 22, 2021 Class A Common Stock 583K $2.58 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in connection with the Issuer's business combination (the "Business Combination") with MoneyLion Inc., now known as MoneyLion Technologies Inc. ("Legacy ML") in accordance with the terms of the Agreement and Plan of Merger, dated February 11, 2021, as amended on June 28, 2021 and September 4, 2021, by and among the Issuer (f/k/a Fusion Acquisition Corp.), ML Merger Sub Inc. ("Merger Sub") and Legacy ML (the "Merger Agreement"), pursuant to which Merger Sub merged with and into Legacy ML, with Legacy ML surviving the merger as a wholly-owned subsidiary of the Issuer.
F2 In connection with the Issuer's Business Combination, the Reporting Person exercised options which such resulting shares of Class A Common Stock were simultaneously acquired by the Issuer.
F3 The option vests 25% on the first anniversary of November 15, 2017 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F4 The option vests 25% on the first anniversary of November 1, 2018 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F5 The option vests 25% on the first anniversary of September 21, 2019 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F6 The option vests 25% on the first anniversary of May 1, 2020 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F7 The option vests 25% on the first anniversary of February 1, 2021 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.